FleetCor Technologies (NYSE:FLT) had its price target upped by equities research analysts at Oppenheimer from $194.00 to $247.00 in a research note issued on Monday. The brokerage currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price objective points to a potential upside of 23.29% from the stock’s current price.
Several other research analysts have also recently issued reports on FLT. SunTrust Banks upped their price target on FleetCor Technologies to $240.00 and gave the company a “buy” rating in a report on Monday. Zacks Investment Research cut FleetCor Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th. Morgan Stanley upped their price target on FleetCor Technologies from $194.00 to $232.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Wells Fargo & Co set a $225.00 price target on FleetCor Technologies and gave the company a “buy” rating in a report on Wednesday, January 10th. Finally, Credit Suisse Group upped their price target on FleetCor Technologies from $186.00 to $206.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. FleetCor Technologies currently has an average rating of “Buy” and a consensus target price of $206.43.
FleetCor Technologies (FLT) traded down $7.17 during midday trading on Monday, hitting $200.34. The company’s stock had a trading volume of 703,115 shares, compared to its average volume of 491,317. The company has a market capitalization of $17,940.00, a PE ratio of 34.07, a P/E/G ratio of 1.37 and a beta of 1.51. FleetCor Technologies has a 52 week low of $121.52 and a 52 week high of $213.74. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.84 and a quick ratio of 0.84.
A number of large investors have recently made changes to their positions in the business. FNY Partners Fund LP acquired a new position in shares of FleetCor Technologies in the third quarter worth $125,000. Toronto Dominion Bank increased its stake in shares of FleetCor Technologies by 11.1% in the second quarter. Toronto Dominion Bank now owns 1,128 shares of the business services provider’s stock worth $163,000 after acquiring an additional 113 shares during the last quarter. First Personal Financial Services increased its stake in shares of FleetCor Technologies by 31.4% in the fourth quarter. First Personal Financial Services now owns 1,020 shares of the business services provider’s stock worth $196,000 after acquiring an additional 244 shares during the last quarter. IBM Retirement Fund acquired a new position in shares of FleetCor Technologies in the third quarter worth $211,000. Finally, SG Americas Securities LLC acquired a new position in shares of FleetCor Technologies in the fourth quarter worth $216,000. 95.10% of the stock is currently owned by institutional investors.
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About FleetCor Technologies
FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.
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